Codexis (CDXS) Operating Expenses (2010 - 2026)

Codexis' (CDXS) quarterly Operating Expenses came in at $23.3 million in Q1 2026, down 16.9% year-on-year from $28.0 million in Q1 2025, and down 17.86% quarter-over-quarter from $28.4 million in Q4 2025.

Codexis (CDXS) Operating Expenses (2010 - 2026) Analysis & Trends

Codexis' Operating Expenses history runs 17 years deep, the most recent figure standing at $23.3 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 16.9% year-over-year to $23.3 million in Q1 2026; TTM through Mar 2026 was $107.4 million, a 8.16% decrease from a year earlier, with the FY2025 full-year figure at $112.1 million, down 4.87% from the prior year.
  • Operating Expenses retreated to $23.3 million in Q1 2026 per CDXS's latest filing, from $28.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $45.1 million in Q3 2022 and bottomed at $23.3 million in Q1 2026.
  • The 5-year median for Operating Expenses is $29.4 million (2024), against an average of $33.2 million.
  • Across the five-year window, Operating Expenses surged 60.83% in 2022 and tumbled 39.76% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $43.6 million in 2022, then tumbled by 39.76% to $26.3 million in 2023, then gained by 9.59% to $28.8 million in 2024, then dropped by 1.55% to $28.4 million in 2025, then slipped by 17.86% to $23.3 million in 2026.
  • Per Business Quant, the three latest CDXS Operating Expenses figures stand at $23.3 million (Q1 2026), $28.4 million (Q4 2025), and $27.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -28.01 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 1.10 Bn
4 NuCana 279.75 Bn 279.75 Bn - -3.78 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 2.89 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 445.22 Mn
10 Codexis 180.63 Mn 115.49 Mn 13.18 Mn 23.29 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 23.29 Mn
Dec 31, 2025 28.36 Mn
Sep 30, 2025 27.55 Mn
Jun 30, 2025 28.19 Mn
Mar 31, 2025 28.03 Mn
Dec 31, 2024 28.80 Mn
Sep 30, 2024 29.39 Mn
Jun 30, 2024 30.71 Mn
Mar 31, 2024 28.96 Mn
Dec 31, 2023 26.28 Mn
Sep 30, 2023 41.34 Mn
Jun 30, 2023 33.95 Mn
Mar 31, 2023 36.65 Mn
Dec 31, 2022 43.63 Mn
Sep 30, 2022 45.11 Mn
Jun 30, 2022 41.02 Mn
Mar 31, 2022 43.73 Mn
Dec 31, 2021 34.89 Mn
Sep 30, 2021 35.44 Mn
Jun 30, 2021 29.94 Mn